Economics at your fingertips  

Incertitude stratégique et sélection d'équilibre: deux applications

Jean-Marc Tallon ()

Revue d'économie industrielle, 2006, vol. n° 114-115, issue 2, 6-6

Abstract: Global games have the interesting feature that expectations are somehow anchored on real, exogenous, variables. One can thus keep at the same time the self fulfilling aspect of expectations, while restoring uniqueness of equilibrium. This enhances the predictive power of the model. We illustrate this mechanism through two examples. The first one studies the residential choice of agents that have racial preferences. The second deals with the contagion of bank runs from one country to another.

Keywords: Contagion; Beliefs; Residential Choice; Bank Run. (search for similar items in EconPapers)
Date: 2006
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link) (application/pdf) (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

More articles in Revue d'économie industrielle from De Boeck Université
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().

Page updated 2020-01-21
Handle: RePEc:cai:reidbu:rei_114_0006